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Unemployment Insurance and Short-Time Compensation: The Effects on Layoffs, Hours per Worker, and Wages

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Author Info
Burdett, Kenneth
Wright, Randall

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Abstract

The authors analyze two unemployment insurance systems. In one, unemployed workers receive benefits, while those on reduced hours do not, as in North America (at least until recently). In the other, short-time compensation is paid to workers on reduced hours, as in Europe. The first system causes inefficient temporary layoffs for some parameters; the latter does not, but implies inefficient hours per worker. Some evidence is presented regarding these effects. Despite policymakers' recent enthusiasm for short-time compensation, the clear implication of this project is that changes should come on the tax, not the benefit, side of the system. Copyright 1989 by University of Chicago Press.

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Publisher Info
Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 97 (1989)
Issue (Month): 6 (December)
Pages: 1479-96
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Handle: RePEc:ucp:jpolec:v:97:y:1989:i:6:p:1479-96

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  1. David Card & Phillip B. Levine, 1992. "Unemployment Insurance Taxes and the Cyclical and Seasonal Properties of Unemployment," NBER Working Papers 4030, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  2. David K. Backus & Patrick J. Kehoe & Finn E. Kydland, 1993. "International business cycles: theory vs. evidence," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall, pages 14-29. [Downloadable!]
  3. repec:fth:prinin:288 is not listed on IDEAS
  4. Marianne Baxter & Mario J. Crucini, 1994. "Business Cycles and the Asset Structure of Foreign Trade," NBER Working Papers 4975, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  5. Yann Algan & Pierre Cahuc, 2006. "Civic Attitudes and the Design of Labor Market Institutions: Which Countries Can Implement the Danish Flexicurity Model?," IZA Discussion Papers 1928, Institute for the Study of Labor (IZA). [Downloadable!]
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  6. David Card & Phillip Levine, 1990. "Unemployment Insurance Taxes and the Cyclical Properties of Employment and Unemployment," Working Papers 668, Princeton University, Department of Economics, Industrial Relations Section.. [Downloadable!]
  7. Jess Benhabib & Randall Wright & Richard Rogerson, 1990. "Homework in Macoreconomics I: Basic Theory (Part I of II)," NBER Working Papers 3344, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Gary D. Hansen & Ayse Imrohoroglu, 1990. "The Role of Unemployment Insurance in an Economy with Liquidity Constraints and Moral Hazard," UCLA Economics Working Papers 583, UCLA Department of Economics. [Downloadable!]
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  9. Robert A. Hart & Thomas Moutos, 1990. "Efficient Bargains in the Context of Recent Labour Market Experience and Policy," Staff Working Papers 90-03, W.E. Upjohn Institute for Employment Research. [Downloadable!] (restricted)
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  10. Pierre Cahuc & André Zylberberg, 2008. "Optimum income taxation and layoff taxes," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00255794_v1, HAL. [Downloadable!]
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  11. Susan N. Houseman & Katherine G. Abraham, 1994. "Labor Adjustment Under Different Institutional Structures: A Case Study of Germany and the United States," Staff Working Papers 94-26, W.E. Upjohn Institute for Employment Research. [Downloadable!] (restricted)
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  12. Michael Huberman & Paul Lanoie, 1998. "Worksharing in Québec: Five Case Studies," CIRANO Working Papers 98s-11, CIRANO. [Downloadable!]
  13. Michael Huberman & Paul Lanoie, 2000. "Changing Attitudes Toward Worksharing: Evidence from Quebec," Canadian Public Policy, University of Toronto Press, vol. 26(2), pages 141-155, June. [Downloadable!] (restricted)
  14. Pissarides, Christopher A., 2004. "Consumption and Savings with Unemployment Risk: Implications for Optimal Employment Contracts," IZA Discussion Papers 1183, Institute for the Study of Labor (IZA). [Downloadable!]
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  15. David Backus & Patrick J. Kehoe & Finn E. Kydland, 1993. "International Business Cycles: Theory and Evidence," NBER Working Papers 4493, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  16. Katherine G. Abraham & Susan N. Houseman, 1993. "Does Employment Protection Inhibit Labor Market Flexibility? Lessons from Germany, France and Belgium," Staff Working Papers 93-16, W.E. Upjohn Institute for Employment Research. [Downloadable!] (restricted)
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